A Go-Live in a record span of around 20 days with Credence’s iDEAL Funds 5.0

Mumbai, March 23, 2018 – Our Client is a French multinational insurance firm headquartered in the Paris that engages in global insurance, investment management, and other financial services.

The Group operates primarily in Western Europe, North America, the Asia Pacific region, and the Middle East, with presence also in Africa and is a conglomerate of independently run businesses, operated according to the laws and regulations of many different countries.

The insurance business was founded in 19th century as part of the group that is international leader in provident funds, life and non-life insurance, reinsurance, and related financial services. Our client offers both individuals and businesses a comprehensive product portfolio that includes life, health and disability coverage, employee-savings schemes, and retirement and pension solutions. It is especially noted for its quality service and professionalism.

This French reinsurer received second stage R2 regulatory clearances from Indian regulator, IRDAI, to open a branch in the country in July 2017.

The new branch represents the first time the firms opened a reinsurance branch outside of its base in Paris. However, has already been operating in India through joint insurance ventures with some other Life and General Insurance companies.